We own a home in a subdivision designated as a condominium development. There are less then 10 lots built and occupied out of 76 lots. The owner/developer is about to default on taxes for all the undeveloped lots. What becomes of the association itself if the owner defaults and loses the remaining properties? He continues to attempt to collect the yearly association dues, however, has not provided any annual reports or accounting of the dues that have been paid. There is also a sizeable special assessment (over $400,000) that the developer has not paid the county for. If he defaults is there any potential for the assessment to be divided across the individual lots?
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